The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1887-12-08
Saturday, the 9TH day of January
ARTICLES OF Incorporation,

rlrSt pun. NOV. "a, u. Last pub Dec. %. 81.
ARTICLES OF incorporation.
We, the undersigned, do hereby associate our.
under the provisions of title two (2). OF chapter
tnirty-foMr ~, Of the general statutes Of the
% ann :" fb 81 1878 sd the
sign the following articles of Incorporation:
ARTICLE I-NAME
ingtOn Mil Co.
ARTICLE IL PURPOSE OF ORGANIZATION.
The object and the general nature of the bust
ness OF sald corporation shall be to purchase
ana sell grain. and to operate a custom and mer-
purchase and sell sucl, real and personal prop.
benefit. or. necessary for The collection or Sc
cur1ty OF any debt or debts, or claim or claims
owing to, or in which said corporation may have
an interest, and do any other lawful business.
ARTICLE III-PLACE OF BUSINESS.
corporation shall be WOrttiington. Mobiles cOun-
ty, Minnesota.
ARTICLE IV-DuRAr1oN.
The commencement Of this corporation shall
be December list, 1887, and it shall continue
thirty years.
ARTICLE v-CAr1rAL STOCK.
The amount Of the capital stock of said corpo-
ration tI shall be twenty-five thousand dollars
l$S,oo): which shall be paid in at the time Of
subscription: Said capital stock may be in
lars by the board of directors, when authorized
so to DOLBY a vote Of three-fourths Of the stock.
ARTICLE VI-INDEBrEDNEss
The highest amount Of indebtedness or la
be subject shall be ten thousand dollars. '''''~
ARTICLE VII-1NCORPORAroRs
The names and places of residence of the per-
sons forming the association for this corpora
ton are as follows:
p. Moulton, Warrington, Minnesota.
Geo. d. Dayton, WOrthinStOn, Minnesota
ARTICLE VIII-D1kEcroRs.
4, The names of the first board Of directors of
th1s corporation ora are; w. H. Gilbert. J: r
their Offices until the annual meeting in 10
vember 1885,
ARTICLE IX-Gov ERxMENr.
Tie COVER .ment Of said corporation and the
management of its affairs shall be vested in
her, who shall be elected by ballot by the stock
holders annually on the first Wednesday III No
Yember Of each year, and hold their rflices until
shall constitute 4 quorum for the transaction Of
business. The board shall have power to Mi ali
vacancies occurring III the same until the fol-
lowing annual meeting.
ARTICLE X-OFFlCER
The officers of said corporation shall be a
president. secretary and treasurer. and such
other officer or officers shall from time to time
Oe appointed by said board. all Of whom except
president, secretary and treasurer, shall hold
their offices during the pleasure of said board
The president, secretary and treasurer shall be
elected annually by the board of directors from
their own number.
ARTICLE XI-SHAREs AND VALUE OF EACH
The number and amount of the shares in the
capital stock Of said corporation shall be two
hundred and fifty shares Of one hundred dollars
each.
In witness whereof we have hereunto sub
scribed our names and affixed our seals this
18th day of November, 1887.
In presence Of
GEO. w. WILSON,
H. C.. CRAWFORD.
W: H. GILBERT, [Sea!. ]
J. P. MoULTON, Seal
GEO. ID. DAYTON, tSeaLj
County of Mobiles. ~.
Be it remembered that on this 18th day Of No.
We ve"bs ec,o1 a. y: 1887: personally appear
public III and for said county. the
above named W: H. Gilbert, j. T. Moulton and
Geo. d. Dayton, the persons named as incOrpO-
rators in the foregoing articles Of incorporation,
ana 10 me we'll known to be the identical per-
SONS named therein. and who expcnto6 tho